InsuranceDekho and RenewBuy are nearing a merger that would value the combined entity at $1 Bn.The merged entities will operate under a single brand, creating one of the largest insurance marketplaces in India.The merged entity is expected to be valued at over INR 8,000 Cr, with RenewBuy valued at INR 3,000 Cr and InsuranceDekho valued above INR 5,000 Cr.InsuranceDekho is also in talks to raise another funding round.